EMERYVILLE Calif. Jamba Inc. on Thursday posted wider losses for its first quarter as its smoothie chain continued to struggle with falling sales. Also on Thursday, Jamba said it had launched a refranchising plan that is expected to result in the sale of up to 150 company-owned Jamba Juice locations, mostly outside the brand’s core market of California.For the quarter ended April 21, Jamba reported a net loss of $10.2 million, or 19 cents a share, compared with a loss of $6.4 ...
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Contact: Desiree Torres Desiree.Torres@penton.com